There is a good chance the Bitcoin ETF is going to be approved ,we should know by march 13th.
The winklevoss twins made ammendments to the proposal on the 22nd of feb which indicates they are working closely with the SEC and havent withdrawn the proposal (SEC gives you advance notice that your proposal will be denied so that you can withdraw)
This could be the last chance to get into bitcoin before it truly goes lunar,bitcoin has gained 10 billion dollars in market cap just in anticipation.
Their exchange Gemini trades Ethereum and bitcoin.
Bloomberg did a pretty optimistic article back in November about it. Mentioning BTC is actually more stable than 30+ other ETFs that were approved. As well as, why would you wait until the last minute to decline it?
If approved, anywhere from $2000 to $10000+
If rejected, pic related.
bitcoin is due for a retracement, its highly probable that it will continue to go up but the current push is too fast and unsustainable, just like that last spike, it will bounce down before going any further so I would wait until the sellers have exhausted themselves
78 times $20 times ETH coins you bought = moon mission 2017 ala bitcoin circa 2013.
Do I buy more before the announcement skyrockets, or do I wait to buy the dip after the announcement?
>>1832932 literally a win win for eth
ETF news should get things going either people will create the btc eth flippening or they'll just think if btc got one then corporate backed Ethereum surely is next and either one is a moon scenario for ETH.
You're aware that Gemini is bound by BSP / AML laws.
Removing the anonymity and secrecy of Bitcoin is counter-intuitive in my opinion because once it's fully assimilated with the open market it's just like any other investment vehicle.
Anyone can start BTC ETF with exactly the same safeguards, virtualized. What's the point of BTC then?
there have been bitcoin etfs for years already, nothing new. 1350 stands resistance
There is "math" beyond your understanding and language goy. Ever think about that?
Fucking atheists and their autistic understandings of reality.
Guess what? I'm gonna have a million dollars in a couple years. You know why? Faith.
Where will you guys go to hear about the ETF anouncement?
Does any news channel report this stuff live? I want to be able to buy/sell as soon as the news is anounced
I think what's priced in is a rejected ETF and panic-transfers of BTC into ETH. ETH winds up benefitting simply because it's #2 without a #3 in sight and is sure to siphon a good amount of the confidence lost in BTC. Conversely, if BTC continues to defy the odds and actually gets approved, it's a feather in the cap for crypto in general and ETH lifts along with all the other boats in the rising tide of crypto confidence.
I think either way, right now, sub-$25 ETH is a definite buy.
9/10 times I'll say BTC is the safest, surest buy in crypto. But with this huge binary event looming, there's no fucking way I'd buy it right now. It's an enormous gamble. We could wake up to $100 BTC or $5000 BTC. That said, if I already held BTC (and mayyyyyybe I do)...I'd sell enough to cover my original stake and hold the rest hoping for a moon. But do I pump fresh money into it until the ETF decision? Fuck no. Be smart and position yourself to benefit either way it goes, then you won't have to worry.
anticipation has been so high there's no room left for natural spikes, nothing will happen suddenly because of so many people shorting towards that same date
it's likely more than those who would jump on btc etfs
I had a glimpse of the future ! I saw a post from 14MAR2017
Best time line ever!"
What will they mean by this?
gemini is one of the smoothest most responsive websites I've used. Chads are good at everything.
I can send emails to my phone by emailing to [email protected] I set this up as an alternate email in google and then told it to send google news alerts there for news about the ETF.
Dunno how you do this on other carriers.
>all time high
>bull run for a year
>just before big news
>hmmm better go all in on this
But be ready to buy the dip
For those asking about instant SEC updates check the bitcoinmarkets subreddit there is a thread there.
Chances are she falls to around 1k on news it failed (if rejected) almost instantly and assuming you are selling on an exchange you'll probably catch the bottom so I wouldn't bother as I'll explain below:
My advice would be to dca from a few hours after when dust has settled. I view this as a win / win. If you like btc you have a good haul already so your stash rises in value on approval. If it's rejected you can get more. If you don't have btc by now then you're either a trader or technologically illiterate.
Good luck friends. Buying ETH was a good backup as failure = btc money moved to eth (as well as fiat) so price shouldnt fall as much as a % compared to btc and approval means ETH ETFs are likely next. Unfortunately I worked that one out too late and missed the run to $20.
Any suggestions on how I can turn my bitcoin back into fiat outside of Coinbase? Bitstamp is asking for a tin and I don't want to give Slovenians (or anyone else, really) my ssn. It won't take my business EIN, either.
Positive or megative news about the ETF will send ETH higher in the market. How to pro-activly deal with this is to buy eth now, cash out bitcoin tomorrow, wait for the news. If approved buy INSTANTLY, you will still profit. If non approval buy at the dip/crash anslow and steady climb it back.
>Many people just bought their first every day this week.
Yes, but not through the ETF.
>Also there is more chance it doesn't get approved, and there will be a beautiful dip/correction when it happens.
I agree, but you're retarded if you think tons of people aren't going to be buying the ETF if it does get approved.
>call a lawyer
>$50 mil has been deposited into your account
Wish I could lose like that.
Okay.... the longer they put off the decision the better I feel it's going to be approved. Anyone else feel this way? I'm thinking about waiting until Thursday night and longing the fuck out of it. Am I retarded or autistic?
There is always something like this with Bitcoin. There's always some imminent event that's going to have a drastic effect on BTC. Outside of some country's economy tanking, none of them really seem to have effect. This ETF story sounds like typical hype to me. But I'll be thrilled either way.
Bitcoin went from 400 to 1200 because china said you could only take out 50,000$ a year. It literally i inflated purely because it's being used to funnel money out of China and China is already inventing their own coin.
Bitcoins future is bad, you losers missed the 1$ to multiple hundreds of dollars jump, so you're holding onto this complete fantasy.
Remember where you are.
>Remember where you are.
The growth is real, faggot
You can't argue with sustained all time highs
>How many normies do you know who have ever owned bitcoin?
well i bet some very few people collect used condoms doesn't mean it will be a widely adopted hobby and used condoms price will skyrocket.